28100 Pierce Ferry RdMeadview, AZ 86444

Property Details for 28100 Pierce Ferry Rd

Year built

1997

Construction

STEEL FRAME

Lot size

7.47 AC

Property size (Sq ft)

832 SF

Property type

Hospitality properties

Property subtype

Mobile home & RV parks

APN

343-19-251C

APU

34319251C

Description

This thriving Arizona business, Meadview RV Park and Cozy Cabins, presents a unique investment opportunity. Priced at $1,300,000 with a 4.23% cap rate and a strong $55,000 NOI, this established park boasts 32 units with 100% occupancy. Situated on a 7.47-acre lot in Mohave County (APN 343-19-251C), the property includes five buildings constructed in 1996 and renovated in 2002, offering a mix of RV spaces and cozy cabins. The park features 32 parking spaces, a convenient store/office housed in a 1987 manufactured home, and ample storage options including four 5x9 storage units, two 20-foot containers, and a 30x30 covered storage area. Additional income streams are generated from coin-operated laundry facilities, propane sales, and an ATM. The property is equipped with a private well and two 3000-gallon septic tanks, and public restrooms with showers, including one handicap-accessible unit. Approved plans for Phase III expansion are in place, adding 14 more RV spaces with existing power and water infrastructure. The property is zoned C3 and operates under a Certificate of Occupancy (COE). This turnkey operation offers significant potential for increased revenue through the existing income-generating amenities and the planned expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $276,430

  6.5%

  $255,166

  7%

  $236,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,371

  Geo Method

  $258,371

• Alternative Use

  Use

  Valuation

  Residential

  $255,166

  Hospitality

  $233,730

  Educational

  $194,461

  Medical

  $201,149

  Retail

  $302,495

Location Insight

City

Meadview

County

Mohave

State

Arizona

Latitude

35.9419

Longitude

-114.085

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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